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  • Tobacco farmers' body urges govt for 'pragmatic' approach on cigarette taxation Feb 20, 2020 03:15 PM IST

    Tobacco farmers' body urges govt for 'pragmatic' approach on cigarette taxation

    The Federation of All India Farmer Associations (FAIFA) said it had also appealed to Finance Minister Nirmala Sithraman to have a "pragmatic approach" on cigarette taxation at a meeting on Wednesday evening.

  • Cigarette stub causes fire panic in Air India flight as washroom bin catches fire Jun 04, 2018 05:44 PM IST

    Cigarette stub causes fire panic in Air India flight as washroom bin catches fire

    The flight managed to land at the scheduled time of 4:15 a.m., and all the passengers were reported to be safe and unharmed.

  • Expect 3-4% decline in cigarette volumes by end of this year: Godfrey Phillips Oct 04, 2017 01:36 PM IST

    Expect 3-4% decline in cigarette volumes by end of this year: Godfrey Phillips

    CNBC-TV18’s Sapna Das caught up with KK Modi of Godfrey Phillips India who expects a 3-4 percent decline in cigarette volumes by the end of this year.

  • Investors lost nearly Rs 50K crore in trade in ITC; FPIs hold 20% stake, LIC 16.25% Jul 18, 2017 01:30 PM IST

    Investors lost nearly Rs 50K crore in trade in ITC; FPIs hold 20% stake, LIC 16.25%

    ITC which holds a weightage of 7.2 percent in Sensex was the biggest contributor for the declines in the index.

  • Use GST to curb illegal cigarette trade, says tobacco body Mar 30, 2017 02:45 PM IST

    Use GST to curb illegal cigarette trade, says tobacco body

    The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.

  • GST structure may prove beneficial for ITC; overweight on stock: Edelweiss Mar 17, 2017 12:26 PM IST

    GST structure may prove beneficial for ITC; overweight on stock: Edelweiss

    Speaking to CNBC-TV18, Roy said the rate of cess decided upon tobacco products at Rs 4,170 per 1,000 sticks or 290 percent ad valorem and a cess on pan masala at 135 percent ad valorem is the highest cap proposed and that the actual rate of cess levied can be lower.

  • ITC hikes cigarette prices; Now, pay Rs 139 for a Classic pack Feb 09, 2017 12:19 PM IST

    ITC hikes cigarette prices; Now, pay Rs 139 for a Classic pack

    ITC is in the process of hiking prices of some of its cigarette brands. Distributors and dealers claim that the new packs with higher prices will hit the market in a few days. In the premium category (Classic) the price hike is 13 percent.

  • Godfrey Phillips Q3 net jumps over 3-fold to Rs 38.44 cr Feb 02, 2017 09:40 PM IST

    Godfrey Phillips Q3 net jumps over 3-fold to Rs 38.44 cr

    Cigarette maker Godfrey Phillips India today reported an over three-fold jump in its standalone net profit at Rs 38.44 crore for the third quarter ended December 31, 2016.

  • ITC hits record high after lower-than-expected excise duty hike Feb 01, 2017 03:29 PM IST

    ITC hits record high after lower-than-expected excise duty hike

    Cigarette major ITC shares hit record high of Rs 269.50, up 4.5 percent intraday Wednesday as excise duty hike was within the analysts' expectations limit.

  • ITC Q3 net up 6% at Rs 2650 cr, cigarette sales grow 2% Jan 27, 2017 01:00 PM IST

    ITC Q3 net up 6% at Rs 2650 cr, cigarette sales grow 2%

    ITC's December quarter has beaten estimates with net profit rising 5.7 percent to Rs 2650 crore from Rs 2504 crore in corresponding quarter last fiscal. During the quarter, its total income also grew marginally by 5 percent to Rs 13570 crore compared to Rs 12962 crore on annual basis.

  • ITC Q3 net may fall 3%, cigarette volume seen slipping 2-3% Jan 26, 2017 09:17 AM IST

    ITC Q3 net may fall 3%, cigarette volume seen slipping 2-3%

    Analysts polled by CNBC-TV18 expect 2-3 percent decline in cigarette volumes. They say demonetisation impact may be limited on cigarette Volumes due to inelastic demand. The company raised prices on 30 percent of cigarette portfolio by 14-15 percent in second half of December.

  • ITC hikes Gold Flake cigarette prices but will it hurt growth? Jan 17, 2017 03:04 PM IST

    ITC hikes Gold Flake cigarette prices but will it hurt growth?

    Deutsche Bank believes price hike poses risk to short-term value growth trajectory for ITC‘s cigarettes. Earlier in 2014/15 when price-point of Gold Flake Kings (premium cigarettes of 84mm length) reached and crossed Rs 10 per stick it did result in a volume deceleration and decline.

  • BAT agrees terms to buy Reynolds for $49.4 billion Jan 17, 2017 01:40 PM IST

    BAT agrees terms to buy Reynolds for $49.4 billion

    BAT, which already owned 42 percent of Reynolds, will pay USD 29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before its first offer was made public.

  • Cigarette stocks jump on Budget hopes; ITC up on price hike Dec 27, 2016 04:21 PM IST

    Cigarette stocks jump on Budget hopes; ITC up on price hike

    Diversified conglomerate ITC Ltd was the top gainer in the trade today and was up 3 percent. The stock went up on the back of 14-15 percent price hike in two of its product offerings that is 69 mm cigarettes and 74 mm cigarettes.

  • Bulls back on D-St; Sensex zooms 406 pts, Nifty ends above 8000 Dec 27, 2016 04:11 PM IST

    Bulls back on D-St; Sensex zooms 406 pts, Nifty ends above 8000

    The Sensex was up 406.34 points or 1.6 percent at 26213.44 and the Nifty ended up 124.60 points or 1.6 percent at 8032.85. About 1679 shares advanced, 862 shares declined, and 193 shares were unchanged.

  • Nifty Bank snaps 3-day losing streak, Sensex gains 406 pts Dec 27, 2016 02:00 PM IST

    Nifty Bank snaps 3-day losing streak, Sensex gains 406 pts

    Cigarette stocks are rallying with ITC up 3 percent. Tata Steel, Adani Ports, Lupin and Cipla are other gainers while GAIL, Hero MotoCorp, HDFC, Bharti Airtel and ONGC are losers in the Sensex.

  • Philip Morris looks beyond cigarettes with alternative products Nov 30, 2016 09:01 PM IST

    Philip Morris looks beyond cigarettes with alternative products

    Underlining the regulatory pressures facing the tobacco industry, a British court also on Wednesday rejected an appeal against new rules prohibiting the use of marketing such as logos or colours on cigarette packs.

  • Cash clean-up impact: Cigarette sales hit hard! Nov 16, 2016 01:58 PM IST

    Cash clean-up impact: Cigarette sales hit hard!

    Priya Sheth of CNBC-TV18 has put the spotlight on government's demonetisation drive! One industry that is facing the heat of this move is the cigarette industry. Channel checks reveal that the cash crunch has led to retail sales dipping by about 30 to 35 percent.

  • ITC up 6% as GST overhang on tobacco subsides: Time to buy now? Nov 04, 2016 12:22 PM IST

    ITC up 6% as GST overhang on tobacco subsides: Time to buy now?

    Most analysts are positive on ITC given sharp underperformance in past months on GST concerns. JP Morgan is overweight on ITC stating that some uncertainty will remain on the final taxation change for ITC. It adds earnings impact could be gauged only as clarity emerges on quantum and nature of cess on sin products.

  • GST hangover to remain for ITC in short-medium term: Pros Oct 26, 2016 03:38 PM IST

    GST hangover to remain for ITC in short-medium term: Pros

    Sanjay Manyal of ICICI Direct is positive on the stock on FMCG side. Food business is expected to grow at 15 percent plus compounded annual growth rate and will aid future growth for the company.

  • ITC Q2 net up 10% at Rs 2500 cr, cigarette revenue growth at 7% Oct 26, 2016 02:25 PM IST

    ITC Q2 net up 10% at Rs 2500 cr, cigarette revenue growth at 7%

    Surprisingly, its cigarette revenue grew 7 percent in Q2 at Rs 8528 crore against Rs 7963 crore year-on-year. In Q2, EBITDA grew 7.3 percent at Rs 3630 crore against Rs 3383 crore while margins were almost flat at 26.7 percent against 26.8 percent (YoY).

  • ITC Q2 profit may grow 10%, cigarette volume growth seen at 3-4% Oct 25, 2016 05:32 PM IST

    ITC Q2 profit may grow 10%, cigarette volume growth seen at 3-4%

    Cigarette-hotel-to-FMCG major ITC is expected to show good performance in quarterly earnings on Tuesday as profit is likely to increase 10 percent year-on-year to Rs 2,673 crore with likely cigarette volume growth of 3-4 percent in Q2.

  • ITC to sell entire stake in US subsidiary for $24 mn Oct 10, 2016 12:32 PM IST

    ITC to sell entire stake in US subsidiary for $24 mn

    King Maker Marketing, registered in the state of New Jersey, USA, is engaged in the distribution of ITC manufactured cigarette products in the US market.

  • Cigarette volume growth inches up: How is ITC driving sales? Oct 08, 2016 01:04 PM IST

    Cigarette volume growth inches up: How is ITC driving sales?

    Macquarie is optimistic that FY17 cigarette EBIT growth can be in double digits aided by volume growth and margin expansion due to a shift of brands to the 64mm category. It estimates cigarette volume growth of 4 percent in Q2FY17.

  • 60% cigarette packs complying with display warning conditions Sep 20, 2016 05:46 PM IST

    60% cigarette packs complying with display warning conditions

    For Delhi, the study found that 54 percent of the cigarette packs and 55 percent of smokeless tobacco packs were fully compliant with all the labeling requirements mandated under the the law.

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